{"id":385244,"date":"2020-11-19T09:51:40","date_gmt":"2020-11-19T14:51:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385244"},"modified":"2020-11-19T09:51:40","modified_gmt":"2020-11-19T14:51:40","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cabot-oil-gas-corporation-cog-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cabot-oil-gas-corporation-cog-2\/","title":{"rendered":"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Cabot Oil &amp; Gas Corporation (COG)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  19, 2020  (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a class action lawsuit has been filed against Cabot Oil &amp; Gas Corporation (\u201cCabot Oil\u201d or the \u201cCompany\u201d) (NYSE: COG) in the United States District Court for the Middle District of Pennsylvania on behalf of those who purchased or acquired the securities of Cabot Oil between October 23, 2015 and June 12, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for Cabot Oil investors under the federal securities laws.<\/p>\n<p align=\"justify\">The Complaint alleges Defendants made false and misleading statements and\/or failed to disclose that: (i) Cabot Oil had inadequate environmental controls and procedures and\/or failed to properly mitigate known issues related to those controls and procedures; (ii) Cabot Oil failed to fix faulty gas wells that were polluting Pennsylvania\u2019s water supplies through stray gas migration; and (iii) Cabot Oil continually downplayed its potential civil and\/or criminal liabilities with respect to environmental matters. These issues were foreseeably likely to subject Cabot Oil to increased governmental scrutiny and enforcement, as well as increased reputational and financial harm, and would also materially impact Cabot Oil\u2019s financial results. Defendants\u2019 false statements and omissions caused Cabot Oil stock to trade at artificially inflated prices throughout the Class Period.<\/p>\n<p align=\"justify\">On July 26, 2019, Cabot Oil filed its quarterly report on Form 10-Q with the SEC for the quarter ended June 30, 2019. The Form 10-Q disclosed that the Company had received two proposed Consent Order and Agreements related to two Notices of Violation it had received from the Pennsylvania Department of Environmental Protection two years earlier (in June and November 2017) for failure to prevent the migration of gas into fresh groundwater sources in the area surrounding Susquehanna County, Pennsylvania. As a result of this news, the price of Cabot Oil stock declined 12%.<\/p>\n<p align=\"justify\">Then, on June 15, 2020, following a grand jury investigation, the Pennsylvania Attorney General\u2019s office charged Cabot Oil with 15 criminal counts due to its failure to fix the faulty gas wells that had polluted Pennsylvania\u2019s water supplies through stray gas migration. In announcing the charges, Pennsylvania\u2019s Attorney General, Josh Shapiro, emphasized that defendants \u201cput their bottom line ahead of the health and safety of our neighbors\u201d and that \u201cCabot knows what they\u2019ve done.\u201d On this news, the price of Cabot Oil stock declined more than 3%.<\/p>\n<p align=\"justify\">Investors who purchased or otherwise acquired shares of Cabot Oil during the Class Period should contact the Firm<strong><em> prior to the January 12, 2021 <\/em><\/strong>lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.\u00a0 If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna &amp; Egleston at (212) 983-1300, or via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zn3ub9IkvfP-guh1tDxz8k5AxilDrx2DlKQZb2ZvJqpksaih1l6L_FecxM6OBcjN2Yw62n-ECapMnwWCxvJ4skdA-RwcSAdzJXdkRjIJIKo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>tjmckenna@gme-law.com<\/u><\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XvzCsCf4Adhm9KYjMz8_3JBYNtRxchT0AKYkkx9RuKo7ba6PmKqeS5XpQrqUherLM80bpmPFjfPRTbbLG_PxHJ1B6iznYu-NUtZbobi9hSw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>gegleston@gme-law.com<\/u><\/a>.<\/p>\n<p align=\"justify\">Please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9OvOuvgSQ08DSm4bRifv-v0Tl73oOjTH6jG0925AReNTT8EA_azKaiBI9wQKYhGV9NC2jRiYE4SLsNd-Zjj3V9Wd36AKjY1n0MJQ9uUk3C0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTMwNiMzODM1OTcxIzIwMTc3MDQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/823de6f6-519c-4cac-a141-a8664389f068\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a class action lawsuit has been filed against Cabot Oil &amp; Gas Corporation (\u201cCabot Oil\u201d or the \u201cCompany\u201d) (NYSE: COG) in the United States District Court for the Middle District of Pennsylvania on behalf of those who purchased or acquired the securities of Cabot Oil between October 23, 2015 and June 12, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for Cabot Oil investors under the federal securities laws. The Complaint alleges Defendants made false and misleading statements and\/or failed to disclose that: (i) Cabot Oil had inadequate environmental controls and procedures and\/or failed to properly mitigate known issues related to those controls &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cabot-oil-gas-corporation-cog-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Cabot Oil &amp; Gas Corporation (COG)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385244","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Cabot Oil &amp; Gas Corporation (COG) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cabot-oil-gas-corporation-cog-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Cabot Oil &amp; Gas Corporation (COG) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a class action lawsuit has been filed against Cabot Oil &amp; Gas Corporation (\u201cCabot Oil\u201d or the \u201cCompany\u201d) (NYSE: COG) in the United States District Court for the Middle District of Pennsylvania on behalf of those who purchased or acquired the securities of Cabot Oil between October 23, 2015 and June 12, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for Cabot Oil investors under the federal securities laws. The Complaint alleges Defendants made false and misleading statements and\/or failed to disclose that: (i) Cabot Oil had inadequate environmental controls and procedures and\/or failed to properly mitigate known issues related to those controls &hellip; Continue reading &quot;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against Cabot Oil &amp; Gas Corporation (COG)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cabot-oil-gas-corporation-cog-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T14:51:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTMwNiMzODM1OTcxIzIwMTc3MDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cabot-oil-gas-corporation-cog-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-cabot-oil-gas-corporation-cog-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Gainey McKenna &amp; 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The lawsuit seeks to recover damages for Cabot Oil investors under the federal securities laws. 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